SCC(SZ:002916)2024-10-29 14:45Financial Performance - In the first three quarters of 2024, the company achieved a total revenue of 13.049 billion CNY, representing a year-on-year increase of 37.92% [1] - The net profit attributable to shareholders reached 1.488 billion CNY, up 63.86% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 1.376 billion CNY, reflecting an increase of 86.67% [1] - In Q3 2024, the company reported a revenue of 4.728 billion CNY, marking a year-on-year growth of 37.95% [1] - The net profit attributable to shareholders for Q3 was 501 million CNY, a year-on-year increase of 15.33% [1] Business Growth Drivers - The growth was primarily driven by the company's ability to seize structural opportunities in the industry, leading to an increase in orders and revenue across three main business segments [2] - The acceleration of AI applications and the ongoing trends in automotive electrification and intelligence contributed to product optimization and profit growth [2] Revenue Breakdown - In Q3 2024, the revenue from the PCB business saw an increase in the data center and automotive electronics sectors, while the communication sector experienced a decline in revenue share due to stagnant demand [2] - The company’s PCB business is focused on communication equipment, data centers, and automotive electronics, with ongoing efforts in industrial control and medical sectors [2] Production Capacity and Expansion - The company maintains high operational rates in its PCB factories, while the packaging substrate factory's operational rate slightly decreased due to fluctuations in downstream demand [3] - The second phase of the Wuxi substrate factory has achieved breakeven, and the Guangzhou packaging substrate project is in the early stages of ramping up production capacity [3] - The company has plans for further capacity expansion in Nantong, with ongoing construction of a new facility that will support advanced PCB technologies [2][3] Technology Development - The company has made progress in FC-BGA technology, achieving mass production capabilities for products with 16 layers and sample production for products with over 16 layers [3] - Efforts are underway to enhance technical capabilities in high-end fields and to recruit experts to strengthen the R&D team [3]